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DB

Deutsche Bank

$13.50

-0.035 (-0.26%)

11:51
10/07/16
10/07
11:51
10/07/16
11:51

S&P affirms BBB+/A-2 rating on Deutsche Bank

S&P Global Ratings said that it affirmed its 'BBB+/A-2' counterparty credit ratings on Deutsche Bank AG. The outlook is negative. S&P said: "The rating affirmation reflects our assessment of the amount that Deutsche Bank is likely to pay to settle civil claims brought by the U.S. Department of Justice related to issuance and underwriting of residential mortgage-backed securities in 2005-2007. Deutsche Bank announced on Sept. 15, 2016 that the DoJ's opening position in the settlement negotiations was a $14B demand, and added that the DoJ had invited the bank to submit a counter proposal. Deutsche Bank reported EUR5.5B of litigation provisions on June 30, 2016, and identified a further EUR1.7B unreserved contingent litigation liability...We assume in our capital and earnings projections that Deutsche Bank's RMBS settlement will be materially smaller than the DoJ's $14 billion initial negotiating position. This assumption takes account of penalties and consumer relief paid by peers to settle similar litigation cases with the DoJ. Our projections also consider other outstanding litigation cases, which include U.K. and U.S. investigations into suspicious trades in Russian equities and investigations regarding compliance with U.S. sanctions and embargoes."

  • 23

    Oct

DB Deutsche Bank
$13.50

-0.035 (-0.26%)

09/19/16
FBCO
09/19/16
INITIATION
FBCO
Underperform
Deutsche Bank initiated with an Underperform at Credit Suisse
Credit Suisse analyst Jon Peace initiated Deutsche Bank with an Underperform saying the recent slow filing and capital shortfall will lower dividend expectations and keep shares under pressure.
09/19/16
09/19/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. DSW (DSW) initiated with a Negative at Susquehanna. 2. Deutsche Bank (DB) initiated with an Underperform at Credit Suisse. 3. UBS (UBS) initiated with a Neutral at Credit Suisse. 4. Cerner (CERN) initiated with a Neutral at BofA/Merrill. 5. Callidus Software (CALD) reinstated with an Outperform at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/29/16
COWN
09/29/16
NO CHANGE
COWN
DoJ will not destabilize Deutsche Bank, says Cowen
Cowen analyst Jaret Seiberg sees little practical or political upside for the Justice Department to press Deutsche Bank for a penalty that is so large it could destabilize the bank and create a new financial crisis. He expects the penalty for violations related to mortgage-backed securities to be structured below the speculated $14B that seems to have alarmed the market. Seiberg adds both sides have incentives to reach a deal quickly.
09/30/16
09/30/16
NO CHANGE

Correction: Deutsche Bank credit upgraded to Neutral at BofA/Merrill
BofA/Merrill upgraded Deutsche Bank's credit to Neutral, not the equity.

TODAY'S FREE FLY STORIES

GNCA

Genocea

$5.33

0.04 (0.76%)

20:43
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CQH

Cheniere Energy Partners LP

$24.66

0.27 (1.11%)

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DAL

Delta Air Lines

$48.32

-0.15 (-0.31%)

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HA

Hawaiian Holdings

$37.45

-0.25 (-0.66%)

20:25
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Hawaiian Holdings initiated at Macquarie »

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ALK

Alaska Air

$74.79

0.04 (0.05%)

20:25
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LUV

Southwest

$55.12

0.19 (0.35%)

20:25
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DRI

Darden

$83.14

0.26 (0.31%)

, FDS

FactSet

$170.81

2.2 (1.30%)

20:25
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Earnings
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DRI

Darden

$83.14

0.26 (0.31%)

FDS

FactSet

$170.81

2.2 (1.30%)

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  • 26

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SAVE

Spirit Airlines

$34.15

0.44 (1.31%)

20:22
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  • 27

    Sep

JBLU

JetBlue

$18.87

0.25 (1.34%)

20:22
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ALGT

Allegiant Travel

$133.95

3.85 (2.96%)

20:22
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  • 26

    Sep

AAL

American Airlines

$47.70

0.64 (1.36%)

20:22
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Initiation
American Airlines initiated at Macquarie »

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  • 02

    Oct

UAL

United Continental

$59.44

0.64 (1.09%)

20:21
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  • 02

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LUV

Southwest

$55.12

0.19 (0.35%)

20:10
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AMPH

Amphastar

$16.27

0.17 (1.06%)

, AVDL

Avadel Pharmaceuticals

$9.45

-0.16 (-1.66%)

18:59
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18:59
Hot Stocks
Amphastar announces FDA approval of Neostigmine Methylsulfate Injection, USP »

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AMPH

Amphastar

$16.27

0.17 (1.06%)

AVDL

Avadel Pharmaceuticals

$9.45

-0.16 (-1.66%)

03/08/13
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  • 25

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    Oct

ACN

Accenture

$138.16

0.26 (0.19%)

18:58
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Hot Stocks
Accenture chief marketing & communications officer Taylor to retire Aug 31, 2018 »

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  • 28

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SPR

Spirit AeroSystems

$78.07

-0.38 (-0.48%)

, BA

Boeing

$254.32

-2.13 (-0.83%)

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BA

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  • 25

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MOH

Molina Healthcare

$64.54

-0.78 (-1.19%)

, UNH

UnitedHealth

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-1.28 (-0.66%)

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MOH

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UNH

UnitedHealth

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CNC

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WCG

WellCare

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CI

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ANTM

Anthem

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HNT

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HUM

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AET

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18:15
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CATM

Cardtronics

$26.10

-3.17 (-10.83%)

18:13
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IVTY

Invuity

$7.80

-0.5 (-6.02%)

18:10
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Recommendations
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  • 25

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MOH

Molina Healthcare

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, UNH

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UNH

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CNC

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WCG

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CI

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ANTM

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HNT

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HUM

Humana

$237.21

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AET

Aetna

$151.98

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  • 26

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GPC

Genuine Parts

$93.22

5.24 (5.96%)

18:04
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Genuine Parts analyst commentary at RBC Capital »

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AA

Alcoa

$45.29

-0.09 (-0.20%)

, FCX

Freeport McMoRan

$13.89

-0.17 (-1.21%)

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Recommendations
Alcoa, Freeport McMoRan, Teck Resources, Newmont Mining, Warrior Met Coal, Cleveland-Cliffs analyst commentary at Morgan Stanley »

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AA

Alcoa

$45.29

-0.09 (-0.20%)

FCX

Freeport McMoRan

$13.89

-0.17 (-1.21%)

TECK

Teck Resources

$21.24

-0.72 (-3.28%)

NEM

Newmont Mining

$38.63

0.74 (1.95%)

HCC

Warrior Met Coal

$24.11

0.76 (3.25%)

CLF

Cleveland-Cliffs

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  • 25

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17:55
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17:55
Conference/Events
Federal Reserve Bank of Minneapolis President participates in a discussion »

Minneapolis Federal…

FTK

Flotek

$5.40

0.04 (0.75%)

17:49
09/25/17
09/25
17:49
09/25/17
17:49
Earnings
Flotek cuts Q3 revenue view by $5M, consensus $90.9M »

Flotek announced impacts…

03/08/13
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